| SCHEDULE OF OUTSTANDING DEBT |
Outstanding
debt consists of the following:
SCHEDULE
OF OUTSTANDING
DEBT
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Merchant cash advance | |
$ | 1,654,225 | | |
$ | 1,744,134 | |
| Loan payable | |
| - | | |
| 1,601,052 | |
| Note payable - owners of Wellgistics | |
| 5,000,000 | | |
| 5,000,000 | |
| Note payable - third party, net of debt discount | |
| 450,000 | | |
| 898,411 | |
| Revolving line of credit | |
| - | | |
| 1,643,923 | |
| Convertible notes | |
| 12,101,803 | | |
| - | |
| Current portion of debt obligations | |
| 19,206,028 | | |
| 10,887,520 | |
| | |
| | | |
| | |
| Third party investor | |
$ | 100,000 | | |
$ | 100,000 | |
| Note payable - owners of Wellgistics | |
| 12,500,000 | | |
| 12,500,000 | |
| Long-term debt | |
| 12,600,000 | | |
| 12,600,000 | |
| Total debt | |
$ | 31,806,028 | | |
$ | 23,487,520 | |
|
| SCHEDULE OF ANNUAL PRINCIPAL PAYMENTS |
The
following table is a summary of annual principal payments of the Company’s outstanding debt:
SCHEDULE OF ANNUAL PRINCIPAL PAYMENTS
| June 30, | |
| |
| 2026 (Six months ending December 31, 2026) | |
$ | 7,700,400 | |
| 2027 | |
| 25,423,731 | |
| 2028 | |
| 7,500,000 | |
| Principal gross | |
| 40,624,131 | |
| Less : Unamortized debt discount | |
| (8,818,103 | ) |
| Principal Payment | |
$ | 31,806,028 | |
|